All sides agree that the federal government borrows too much, so why exaggerate? In the latest example, a national TV ad shows an actor portraying a drug addict and claiming that the U.S. is borrowing 41 cents of every dollar spent, which isn’t true.
As shown in this chart, which we’ve produced from the most recent official figures from the Congressional Budget Office, the true figure was 36.1 cents of every dollar for fiscal year 2011,
A conservative Christian group makes some wildly improbable claims about government spending in a satirical ad targeting Democrats.
The ad mimics the format of spots for prescription drugs, touting "Spenditol" as a cure for the "chronic pain" of rising gasoline and food prices and unemployment worries. While we do get the joke, and hate to be killjoys, we are obliged to note that the ad strays from the facts here and there. It claims that the 2009 stimulus law "didn't create jobs"
Washington’s spending has recently been higher as a percentage of the nation’s economic output than at any time since World War II. But by the same measure, Washington’s revenues are the lowest in more than 60 years. …
Without an increase in the debt ceiling, could Washington avoid default simply by cutting spending? That's what two leading Republicans, Rep. Michele Bachmann and Sen. Jim DeMint, urged over the weekend. What they didn't say is that this would require instant cuts of at least 34 percent in everything but interest payments. And the cuts would be far deeper if Congress exempted popular programs for the elderly, or for defense.
Minnesota Rep. Bachmann, appearing on CBS'
Less than a month after the new Congress convened, House Democrats and a conservative outside group traded accusations (some bogus, some not) in the first ads of the 2012 campaign. The Democratic Congressional Campaign Committee started …
Treasury Secretary Timothy Geithner made a false claim about the size of government spending being proposed by the Obama administration.
On NBC’s "Meet the Press" July 25, he said the president is proposing spending "as a share of our economy" that is "lower" than it was during the Bush administration and "comparable" to what it was under Ronald Reagan. Neither claim is true.
The administration’s own estimates project spending next year that is higher as a percentage of the economy than in any year since the end of World War II.
One of Sarah Palin’s annointed "Mama Grizzlies" is under attack in Georgia — for not being conservative enough to suit Republican primary voters. But we find the attack is misleading and makes false claims.
In the race to be governor of Georgia, the Palin-backed candidate is Secretary of State Karen Handel. One of her main opponents in the July 20 GOP primary is Insurance Commissioner John Oxendine. His ad claims that as a Fulton County commissioner Handel presided over spending that "skyrocketed,"
Former GOP presidential nominee John McCain is running attack ads again — this time against a fellow Republican who may contest his Senate seat this year.
Hotline’s Reid Wilson has the script for a new radio spot McCain is running against former congressman (and current Arizona radio personality) J.D Hayworth, who has been making moves toward a primary challenge against McCain.
The ad says that Hayworth "sounds conservative on the radio, but J.D. was one of the biggest spenders in Congress.
President Obama tried to sell his health care overhaul in prime time, mangling some facts in the process. He also strained to make the job sound easier to pay for than experts predict. Obama promised once again that a health care overhaul “will be paid for.” But congressional budget experts say …
We’ve criticized both Barack Obama and Joe Biden several times now for claiming that the U.S. is spending $10 billion a month to Iraq while that nation is sitting on a $79 billion surplus. We wrote that the $79 billion figure was out of date because Iraq had since passed a $22.3 billion supplemental spending bill. Our criticism was based on a report from the Government Accountability Office. But we misread the report. The figure that Obama and Biden use is probably still too high,